Profile charts for 11th Mar

The Italics are the comments from yesterday and the previous days.

We had a two way trade today and the market operated in the initial balance paving the way for a normal day.


Bank Nifty :

Bank Nifty Mp4 Profile Charts For 11Th Mar

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– The pull back rally high is 11150 ( adjusted for Mar).
– Poor lows at 10200
-10970 and 11060 represents the balance zone of today and the markets would have to auction out of this zone for a good move
-10887 is short term support for the market
-11104/ 11160 are resistances


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– Profile shows a strong seller at 10965 ( initiative) and minor responsive buying at 10775
– Price auctioned in the single print of 3/ 8 for the most part.
– a break of 10780 tomorrow will invite fresh selling.
-10680 and 10560-20 are targets on the way down.
-above 10960 will see 11020
-VWAP for the series is 10773/ dpoc at 10800
– positional sellers for march will get aggressive only below these levels


Nifty :

Nifty Mp4 Profile Charts For 11Th Mar

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– Buyers are holding the levels at 5304-5314, below which Nifty failed to auction today ( 28/2).
– Nifty profile has a weak structure with a seller at the top.
-above 5512, we may see 5547/ 62 and 5580.
-the market operated in the loop of the ‘p’ of yesterday and we need to see an auction between 5540-5580 for the upmove to continue
-sellers would return below 5438 positionally.


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– we had a balanced profile in the Nifty today
– we should get a vertical move out of today’s profile tomorrow
– exit of value and range will be the best trade opportunity
–vwap for the series is 5454.

– 5379/ 5420 are exit levels to watch for existing positions.

SBI :


Sbi3 Profile Charts For 11Th Mar
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– 2514 almost done. is a good support zone.
– profile shows buying prints at 2630.
– Profile shows an initiative seller near 2674 today, but also responsive buyer to lower prices.
-there is a balance developing now between 2672 and 2612 below.
-vwap for the series is 2655 and developing point of control is 2638
– the market may choose to trade for some more time around today’s prices.


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– strong seller off the open near vwap
– minor support at 2580 held
-below 2580 can see 2548/ 2514
downtrend will be broken only above 2652 now.




RIL :

Reliance3 Profile Charts For 11Th Mar

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– 966 represents upper end of the prior bracket, as also gap fill.
– One can take a long position here for 991/1010 with a stop at 952.
_RIL is forming another bracket between 966-1009.
-966 has served this market well and today’s short covering marked the visit to the upper end of the mentioned price level of 1010.
-today’s balance area is 998-1008 and acceptance or rejection of this area should setup the next 20 point move in RIL.


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-RIL traded in the POC-VAL region of yesterday.
-Price still stays in the 966-1008 bracket

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